According to ChainCatcher, the Lightning Network liquidity staking protocol UTXO Stack has completed Series A financing at a valuation of $50 million, with investments from UTXO Management, CMS, and PAKA.
After the completion of this round of financing, UTXO Stack will launch a large-scale airdrop incentive program targeting BTC liquidity within the Lightning Network in early January 2025. Subsequently, it will coordinate with the launch of the CKB Lightning Network Fiber Network mainnet to provide liquidity airdrop incentives for CKB and RGB++ related assets. The Token Generation Event (TGE) is expected to be completed in Q1 2025, marking the first TGE for the Lightning Network ecosystem.
It is reported that UTXO Stack has previously completed seed round financing, led by ABCDE Capital and SNZ Capital, with participation from CKB Eco Fund, OKX Ventures, UTXO Management, Waterdrip Capital, Matrixport, y2z Ventures, and DRK Lab.
